Good home video editors?

Prompted by this weekend’s Impulse buy for Ulead Videostudio 11.5 Plus, I’ve been interested in getting a decent video editing package for a while now, but never really had any idea about their comparative quality. Just wondering what people’s experiences with some of the packages available are, and obviously I’m interested in the quality of the aforementioned package in particular.

http://www.sonycreativesoftware.com/products/vegasfamily.asp

Grab the Vegas you can afford.

Wow, based on probably not needing HD, that’s a really good price. Even the higher-end non-pro versions are quite cheap for the featureset.

Has any of the professional editors here used Vegas on a “real” project? If I needed to export EDLs, OMFs, can this do it?